Property Ownership, Transfer of Title and Land Use 10.0.4 Flashcards

(4 cards)

1
Q

What is the Torrens System?

A

a legal registration of title.

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2
Q

With the Torrens System: 1

A

Property owners can submit an application to the court clerk of the county where the property is located.

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3
Q

With the Torrens System: 2

A

The registrar issues a legal certificate of title which shows anything liened or attached directly to the title of the property; like a mortgage

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4
Q

With the Torrens System: 3

A

Once the property is registered, the owner receives title and because the title is registered, no additional research of the public records is necessary.

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